Do you have work-from-home colleagues who are too relaxed in their pajamas? Or team members make their cubicles feel like their home? You've got your gas engine, your motor, and you're hoping they can work together without taking you for a ride.īut let's not be too hasty, folks - some laughable and pitiful challenges come with this new way of working. Working from home is like a car in many ways. So the next time Bitcoin “dips” 85%, check out the latest memes.Ladies and gentlemen, welcome to remote work! While not exactly the best choice for long-term interaction with crypto markets, they open the door and can make stepping into the space seem like a fun, easy choice for beginners. Nevertheless, meme coins have pushed the crypto industry forward in a manner possibly unrivaled before the arrival of NFTs. In addition, the tokens hold no real utility, raising the important question about their future in the crypto space. While this feature can be leveraged for profits, it also makes meme coins rather risky to hodl. However, despite these fun components, meme coins tend to be incredibly volatile. Other significant factors include the cult-like communities that are often built around these sorts of tokens along with their inexpensive price and lighthearted nature (they’re not all serious like some cryptos-Bitcoin, we’re looking at you), all of which makes them a welcome change from regular crypto assets. A good example of this is Elon Musk’s very vocal support of Dogecoin, which has repeatedly led to a price rally for the token. The major reason behind the popularity of some of these assets is that they are often backed by prominent figures in the crypto space. Dogecoin remains at the top with a total market cap exceeding 80 billion USD. How Meme Coins Fit into the Crypto Spaceĭespite having to rub shoulders with cryptocurrencies such as Bitcoin and Ethereum, among many others with real-world value and use cases, meme tokens have proven that they can hold their own. It didn’t take very long for the token to become extremely popular, which in turn led to the rise of several other meme coins. Intent on making their parody as ridiculous as possible, the co-founders designed the visuals for the token with inspiration from one of the most viral memes on the internet. Developers Jackson Palmer and Billy Markus launched Doge to make fun of the Bitcoin replicas (referred to as shitcoins) that swarmed the industry soon after Bitcoin was launched. The first meme token was Dogecoin back in 2013. However, what makes them unlike the others is the fact that meme tokens are based on popular memes and internet jokes. They can be stored in a wallet and used to make purchases. Meme tokens are virtual currencies that work like other cryptocurrencies. In fact, why not make a meme coin… What Are Meme Tokens? After all, you’ve got to have a healthy sense of humor when dealing with dips, bubbles, tulips, and shitcoins. While this could be seen as a fairly common phenomenon across a range of sectors, the crypto scene obviously takes it one step further. In the crypto space, memes play a vital role not only in bringing the community together, but in pushing it forward as well. Chances are anyone who has been in the crypto space a while has experienced this (not the best feeling).
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